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Technology Select Sector SPDR Fund (NYSE: XLK) stock
could see downside throughout Tuesday's trading session. One of the biggest names within the ETF which offers fairly broad exposure
to the US technology segment, Oracle Corporation (NYSE: ORCL), saw its stock fall 8 percent after a better-than-expected earnings report but
a concerning growth in the cloud business.
FedEx Corporation (NYSE: FDX) could see increased
volume ahead of the company's fiscal third quarter earnings report after Tuesday's close. Click
here to see the analyst expectations.
Roku Inc (NASDAQ: ROKU) gained nearly 5 percent
early Tuesday morning after Oppenheimer upgraded the stock to Perform. The firm highlighted the fact that Roku "no longer appears
to be a compelling short."
Proteostasis Therapeutics Inc (NASDAQ: PTI) lost
nearly 10 percent. The clinical stage biopharmaceutical company that focuses on treatment for cystic fibrosis and other diseases
announced after Monday's close a common
stock offering. The company plans on offering and selling nine million shares of its common stock. The stock is still up nearly
60 percent since March 9.
Micro Focus International PLC - ADR (NYSE: MFGP)
fell nearly 50 percent throughout Monday's session after the England-based software and information technology company said its
CEO Chris Hsu
has stepped down for personal reasons and to "pursue another opportunity." The company also guided its revenue to fall 6 to 9
percent for the one-year period ending at the end of October. The issue was the most-searched ticker on Benzinga Pro throughout
Monday.
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